# PPP loan: ISLAMIC ACADEMY OF ALABAMA, INC
> **$178K** approved 04/07/2020 · Paid in Full · Loan `7447597005`
## Borrower
- **Name:** ISLAMIC ACADEMY OF ALABAMA, INC
- **Address:** 1810 25TH CT S, BIRMINGHAM, AL, 35209-1926
- **NAICS:** 611710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $179K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Utilities:** $8K
- **Jobs reported:** 31
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*